Notes purchase agreements

A note purchase agreement is usually put in place when the notes are purchased by the investor from the issuer (i.e., the notes do not pass... 

In certain jurisdictions a stamp or documentary tax may be payable on the issue of the bonds or the execntion of documents relating to the issue. The issuer generally undertakes in the subscription agreement or note purchase agreement to bear any such taxes. In Italy, for example, stamp duty is payable by Italian issners if they issue bonds and the relevant documentation is executed in Italy. 

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